There's a sign the restaurant recession is already here
qz.com
Sysco, the biggest supplier to U.S. restaurants, has cut its sales forecast as foot traffic slows

cross-posted from: https://lemmy.world/post/28899510

“In its earnings report released Tuesday, Sysco slashed its 2025 sales growth forecast by nearly 30%, lowering guidance from 5-7% to just 3.5-5%.”

  • Someonelol@lemmy.dbzer0.comEnglish
    17·
    2 days ago

    A nearby restaurant has a really good plate of chilaquiles that changed in price from $14 to $24 over the course of two and a half years. With prices like that, who can afford to eat out?

    • triptrapper@lemmy.world
      5·
      1 day ago

      I’ve seen similar price hikes here in Minneapolis. There’s a very popular restaurant serving mocktails for $15.50. It’s common to see a $18 burger with no fries. I’m certain it’s not unique to Minneapolis, but I’ve been to NYC and Paris recently and was shocked at how affordable the restaurants were. Either restaurant owners are conspiring to price-fix, or they’re following other industries and raising prices “because they can.”